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Personal Finance Vocabulary

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

What do you call money coming IN?

a)

Expenses

b)

Finance

c)

Income

d)

Budget

2.

What is a form of income?

a)

Paychecks

b)

W2

c)

Volunteering Forms

d)

Job Application

3.

Spending is an exchange of money for ____________

a)

A beautiful mind

b)

Budgeting

c)

Goods and Services

d)

Hugs and Smiles

4.

Where is a good place to SAVE your money?

a)

In your wallet

b)

With your mom

c)

Hidden in your bedroom

d)

In a bank account

5.

What should you save your money for?

a)

Big expenses and emergencies

b)

Lunch at McDonald's

c)

Shampoo and Conditioner

d)

Groceries

6.

Which of the following is an example of a NEED?

a)

Game System

b)

Food

c)

Gifts

d)

Headphones

7.

What do you call a plan for your money?

a)

A spreadsheet

b)

A budget

c)

A google doc

d)

A powerpoint

8.

What is the main information on a budget?

a)

A workplace address

b)

Resume

c)

Income and expenses

d)

Your name and address

9.

Which of the following cards is linked to your bank account?

a)

Debit

b)

State ID

c)

Credit

d)

Library

10.

What is a form of credit that is not a "credit card"?

a)

Loan

b)

A good grade

c)

A gift card

d)

Debit card

11.

When you use credit, you will always PAY BACK MORE than you borrow. What do you call the additional money that you will owe?

a)

Payback

b)

Extra Owed

c)

Interest

d)

Paywall

12.

If you do not pay your bills on time it hurts your __________

a)

Reputation

b)

Credit Score

c)

Employment

d)

Leisure Time

13.

You need to _______ less than you _______

a)

Spend / Make

b)

Earn / Purchase

c)

Make / Spend

d)

Give / Take